BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
Green box is my target: Short-Term Bear and Mid-Long Term Bull
1) Kijun on 4H
2) Bottom of cloud on 1H
3) Large Support/Resistance Area
4) 4H 20,50,100 and 200 Moving Averages will all collide in that area
5) Trap Bulls where were late on the longs and then trap all the bears who entered shorts around 7400-7800 and didn't close.
Thats about right my entry point was calculated for 7650 .... With 7500-7700 range. 7700 if bullish and 7550 if bearish.
L3gOnD CryptoBuzzAnalyst
@CryptoBuzzAnalyst, Nice, yeah I am a little lower than that. Would like to see 7450 area tested and to get shorts underwater for a next leg up. I think a correction to test 7450 could be the propelling force to get into the next zone around 9k.
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